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20121222
20121230
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Search Results 0 to 11 of about 12
geithner warned the government would hit its legal borrow i borrowing limit i limit by monday. geithner says the treasury will be forced to take, quote, extraordinary measures to keep paying the bills. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise can't be reached by next week on those big unanswered issues. with both sides locked in the standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts and incomes below $250,000, prolong unemployment benefits, and delay those sweeping spending cuts. sam stein. >> yes. >> what happens in -- and it appears it will happen -- we go off the fiscal cliff for a few days? >> not much, is my understanding. kwb, over time, it will have much more of an impact, and it's unknown exactly what the market's psyche will do with respect to the government's inability to come together. with respect to the tax hikes, it won't be as bad as the rhetoric is suggesting early on. whether it's enough to actually get people to
and the government runs out of money. >> that's where i feel all the eyes are on capitol hill. saying you can't do this with the fiscal cliff. what a two months that will be. thanks so much for joining us. we appreciate it. joining me here in the studio with our first reads of the day, senior political editor mark murray. welcome. back and forth from the harry reid. we have congressional ping pong going on. you said it is time for house republicans to put middle class families first bypassing the senate's bill to protect 98% of americans on january 1st. the senate bill could pass tomorrow if the house republicans would lead it come to the floor. the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concess
on the government's pay roll and will be back to school with work. here is the reaction lieutenant cornel tony schafer. when you heard the report that came out around christmas, what did you think? it is an extended montyepython skit. the idea here is that these people are not held accountable . this is but one more layier clayton of regarding the whole benghazi thing . caroline lamb when she testified show felt in the face of four dead americans that the numbers were just right. it indicated that she is incompetent and out of touch with reality. you will not see it happen again. she will not perform to standard. it is inevitable . congress is off when it is time for the holiday. they tried to find out if it was true. they haven't said the judgeds are still on the pay roll can receiving a salary. do these people still have a job? >> i am sure they do. whatever they say you need to look deeper in this case they are moved around and shuffle the chairs. these people took a bullet and they will be protected and if you can't get fired over sevore incompetence what can you get fired over. >> clayton
geithner has warned congress hat u.s. will reach its debt ceiling on monday. that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a liquid diet an his condition is listed as guarded. his spokesman quotes him as saying i'm determined not to be dprumpy with all of this. >>> toyota has agreed to pay up in a major way, $1.1 billion to settle a class action suit over sudden acceleration issues. under the deal toyota will install a brake override system in effective cars. it will also set up a fund of $250 million for former toyota owners who sold their cars from september of 2009 through all of 2010. that money would compensate owners for their car's reduced value becaus
the fog is. >>> wasted tax dollars. you'll be surprised where government officials are spending your money. >>> and call it an incentive plan. the unique program being considered by san francisco to save money on health care costs. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> taxpayer money is paying salaries and bonuses to workers and elected officials who have been suspended and convicted of crimes. that's what our washington bureau reporter macfarlane found after digging into pub records >> reporter: he orchestrated an outrageously wasteful party in vegas on taxpayers dime. 800,000 spent
protests-and a government panel will be assembled to look into the crime and suggest ways to approved women's safety. >> south africa's presidency says that former president nelson mandela has been released from the hospital. the 94 year-old had been in the hospital since the beginning of this month. he was diagnosed with a lot of infection and also had a surgery to remove gall stones. a presidential spokesman says that mandela will receive more medical care in his job and spur home until he fully recovers. >> the u.s. department is criticizing a bill passed by russia's parliament to ban americans from adopting russian children. president about the miracle 10 says that he signed the measure. police and says that the ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> more on this developing story this morning. one person is dead following an officer of ball issued and walnut creek. will tran joins us live periods in
's when the government reaches its legal borrowing limit. treasury can delay a debt crisis for a couple of weeks until february or march using emergency measures to keep the government operating until congress acts to fix this problem, too. >>> big news from toyota. they are announcing a record $1.1 billion settlement over that unintended accelerator issue which they say does not exist. toyota has always said it's been floor malts, stuck gas pedals and operator error but they're going to settle these cases to put it behind them. the bulk of the money will go to its customers past and present. they will install brake override systems for all vehicles identified by toyota as having a problem with the floor mats getting stuck. toyota set aside $250 million to compensate owners who sold their cars while their sales were plummeting over the bad p.r. and a separate 250 million will be used to compensate owners who don't qualify for that brake override system. finally, all 16 million current toyota owners will be eligible for a warranty on certain parts related to sudden unintended acceleratio
to be the police chief accuses the government of carrying out massacres of innocent civilians and he says the military is nothing but armed gangs that kill. he says is he defecting to, quote, join the people's revolution. and the recovery in the housing market remains on pace. home prices rose 4.3% in october over last year, that is it the biggest percentage increase in more than two years. near record low mortgage rates and fewer foreclosures are helping spur sale which is in turn is boosting prices. and the world's longest high speed rail line is up and running and it's in, where else, china. the 1428 mile line spans more than half the country linking the capital of beijing to the southern chinese bloom city. trains will run at 186 miles per hour. >>> and civil rights icon nelson mandela has been discharged from a south africa hospital. 94-year-old former president will continue treatment at his home. he was hospitalized with a lung infection on december 8th. one week later, he had surgery to remove gallstones. i'm sure everyone's pleased to hear that he's doing well. >> thanks so much
brand new lexus surged ahead on its on. >> did yyou think eit was solve? >> i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot when take a listen. the car lerched forward and hit the cement wall in front of us. she strained ligaments in her foot causing massive swelling. >> and you won't drive this again? >> i will not. >> toyota has never concede d that there was a problem. but drew found a document that showed in one instance that a problem was discovered. toyota says this has nothing to do with unintended problems. drew first a big question. >> from the beginning the company maintained it doesn't have a problem. certainly nothing wrong with the system. the company said it was three things. operator error as they said was tanya's case. she stepped on the gas instead of the break. >> here is what the officer said in a statement today. this was a difficult decision especially since evaluations have confirmed the safety of the si systems. >> so it is a way that the company says we are going to put it behind us and ke
countries. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not expecting this christmas. baby conner. >> i was thinking mid-january. i guess he had his own will. >> reporter: the trouble wasn't that he was early, it was that
. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849
. the tragedy killed more than 280,000 people in 14 countries. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to jump into action when his baby arrived a lot sooner than expected. >> when we can expect the next round of rain. >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not exp
Search Results 0 to 11 of about 12